St. Edward’s University receives $20 million donation

[TexasTowelie]

Pat and Bill Munday of Austin have donated $20 million for scholarships to St. Edward’s University, the largest gift in the history of the private Catholic school.

The Mundays were already the university’s most generous donors, and the latest gift brings their contributions since 2003 to more than $36 million. Their previous donations included $13 million in 2011 for a library and learning center; the Munday Library is scheduled to open in the fall.

“Through their extraordinary generosity and commitment to providing young men and women educational opportunity, Bill and Pat Munday have made it possible for St. Edward’s to continue its mission of providing talented students access to higher education no matter what their financial circumstances,” George E. Martin, president of St. Edward’s, said in a statement.

The $20 million raises the university’s endowment to $76.8 million and will spin off scholarship awards worth about 25 percent of tuition to as many as 150 students a year, the university said.

More at http://www.statesman.com/news/news/st-edwards-receives-20-million-donation/nWPXt/ .

[bluestateguy]

1. I always appreciate it when donors donate to directly help students

All too often donations are just for unnecessary buildings that carry the donor's name, with little purpose other than to magnify their vanity.

[TexasTowelie]

2. I know a couple of alumni from St. Edward's

and also went on campus a few times while I live in the Austin area.

In addition, one of my close friends directed the charitable giving campaigns for the university when she worked for St. Edward's about 15 years ago.

Great news for St. Edward's and I hope that many students will benefit from the generosity of the Munday family.

[enlightenment]

3. I attended there, back in the dark ages.

Didn't graduate from there, though. It was a cool school.